2 Required information [The following information applies to the questions displayed below.] Part 2 of 4 Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2021, Carlson had three cars in inventory, as follows: 1.25 points Car ID 203 207 210 Cost $105,000 105,000 108,000 eBook During 2021, each of the three autos sold for $135,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Print References Car ID 211 212 213 214 215 216 217 218 219 Cost $105,000 105,000 106,500 108,000 111,000 109,500 114,000 111,300 117,000 Selling Price $135,000 138,000 not sold 141,000 145,500 not sold 150,000 151, 500 not sold 2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system. FIFO Periodic Ending inventory Cost of goods sold